LexinFintech Holdings Ltd. Announces Pricing of Initial Public Offering

SHENZHEN, China, Dec. 21, 2017 -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumer finance technology platform for educated young adults in China, today announced the pricing of its initial public offering of 12,000,000 American depositary shares ("ADSs") at a price to the public of US$9.00 per ADS for a total offering size of US$108 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents two Class A ordinary shares. The ADSs are expected to begin trading on the NASDAQ Global Market today under the symbol "LX."

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,800,000 additional ADSs at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs (Asia) L.L.C., BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance are acting as lead bookrunners for the offering and ICBC International is acting as co-manager.

A registration statement related to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the prospectus department at Goldman Sachs (Asia) L.L.C. at 68th Floor, Cheung Kong Center, 2 Queen's Road Central, Hong Kong, by telephone at +852-2978-0744 or by emailing [email protected]; BofA Merrill Lynch at 200 North College Street, 3^rd floor, Charlotte, North Carolina, to the attention of the Prospectus Department, or at [email protected]; Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York, by emailing the Prospectus Group at [email protected]; China Renaissance Securities (Hong Kong) Limited at Units 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; ICBC International Securities Limited at 37/F, ICBC Tower, 3 Garden Road, Central, Hong Kong.

About LexinFintech Holdings Ltd.
LexinFintech Holdings Ltd. ("Lexin" or “the Company”) is a leading online consumer finance platform for educated young adults in China. As one of China’s leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company’s Dingsheng online investment platform, and the Company’s Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company’s more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China’s educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.

For more information, please visit http://ir.lexinfintech.com

For investor and media inquiries, please contact:

LexinFintech Holdings Ltd.

IR inquiries:
Tony Hung
Tel: +86 (755) 3368-8788 ext. 6258
E-mail: [email protected]

Media inquiries:
Limin Chen
Tel: +86 (755) 3368-8788 ext. 6993
E-mail: [email protected]

ICR Inc.
Media inquiries:
Edmond Lococo
Tel: +86 (10) 6583-7510
E-mail: [email protected]

SOURCE LexinFintech Holdings Ltd.